TEC seeks LNG projects

TEC seeks LNG projects

TOKYO (Reuter): Toyo Engineering Corp (TEC) said yesterday it would submit bids to Mobil Corp to build processing plants in Indonesia for liquefied natural gas (LNG) projects.

The projected plants, to be built on northern Sumatra and Madura, would remove carbon dioxide and sulfur from natural gas before it is sent to liquefication plants, a TEC spokesman said.

TEC plans to submit its bids in August or September, and Mobil is expected to award the contracts by the end of this year, he said.

He said TEC regards its participation in the tenders as a step towards breaking into the LNG plant construction business, which has mostly been dominated by only a few engineering firms, including Japan's Chiyoda Corp and JGC Corp.